Last weekend OneCoin held an affiliate rah-rah event in Vietnam.

Coinciding with the event, a document purportedly signed off on by the Vietnamese government began doing the rounds.

According to Vietnamese OneCoin affiliates, the document was “proof OneCoin has been officially licensed in Vietnam”.

Not surprisingly, a few days ago the Vietnamese government issued a statement claiming the document was forged.

A since deleted promotional post on the OneLife VN website claimed;

On 16/6/2017, the Hanoi Investment Management Department officially signed a document confirming that the ONECOIN electronic money business of TRIDENT CRYPTO ACADEMY is not contrary to the laws of the Socialist Republic of Vietnam.

In addition, according to CEO Onecoin, Vietnam became the first country in Asia to be licensed by the government.

The company has an official office located in Hanoi: Floor 12, 789 Building of the Ministry of Defense, Hoang Viet Street, Cau Giay District, Hanoi.


According to the Vietnamese government, all of that is bogus.

According to the Vietnamese publication Dau Thau, the Ministry of Planning and Investment (MPI) issued a statement declaring the document a forgery.

According to the MPI, they began receiving queries from the general public about the document on June 19th.

After investigating the origin of the document, the MPI found

The forged document number 116/2017 / PĐ-BKH ĐT has the seal of the Department of Management, signed by Nguyen Dang Truong as the title, Deputy Director of the Department of Management.

The Office of MPI confirms that the above documents are forged … for many reasons.

First of all, the documents are not in accordance with the regulations for administrative documents or regulations of the MPI and DOL.

Secondly, the document mentioned above dated 16/6/2017, assuming the signature of Mr. Nguyen Dang Truong as the Chairman, Deputy Director General of DOLISA.

However, at this time, Mr. Nguyen Dang Truong was named Director of DAM and did not hold the position of Chairman at any agency or association.

Thirdly, the DOL specifically promulgated legal documents guiding the implementation of the law on tendering for organizations and individuals nationwide, so the signature of Mr. Nguyen Dang Truong and the seal of DOLISA (has been) copied (and is) fake.

In the wake of the government’s announcement Vietnamese OneCoin affiliate websites have scrambled to remove any evidence of the fraudulent document.

Meanwhile it appears OneCoin CEO Pierre Arens might be the source of the document. Marketing copy from Vietnamese affiliates states he made the announcement at the OneCoin event last weekend.

In line with long-standing money laundering practices, attempting to register locally with a shell company (Trident Crypto Academy) certainly fits OneCoin’s MO.

Arens has been on a roll lately with his marketing claims. He recently told OneLife affiliates in Tokyo he ‘want(ed)  (OneCoin) to be the number one cryptocurrency to be used for Tokyo 2020‘ Olympic Games.

Some OneCoin affiliates have taken that and are running around telling people OneCoin will be the official cryptocurrency of the games.

OneCoin itself has yet to comment on the government outing their forged Vietnamese documents. Vietnamese regulators announced they were investigating OneCoin last November.